economonkey

By now everybody except the most wildly deluded of optimists must see that the UK economy is in absolutely terrible condition. Two cornerstones of the country’s economic identity, the property market and financial services industry, have been given a kicking that they may take years to recover from. Interest rates are at an all time [...]

According to the most recent figures from the Land Registry’s House Price Index, the average price of a house in the UK fell by 1% in June, leaving current prices just 0.1% higher than they were 12 months ago. At this rate of decline it seems certain that next month will see house prices showing [...]